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US oil business, OPEC members slam crude release

23rd June, 2011 22:39

The US oil industry and major OPEC producers on Thursday slammed the international plan by crude consumers to release emergency petroleum reserves saying there is
EU puts squeeze on Greece; banks discuss rollover

23rd June, 2011 22:28

Greece's new finance minister sought to explain gaps in his austerity plan to EU and IMF officials on Thursday, with European leaders insisting on deep spending cu
Sales may grow only 5% this year: Osamu Suzuki

23rd June, 2011 22:27

Suzuki had cut the sales growth forecast for this financial year from the initial 13% to 8%. But today, the chief executive Osamu Suzuki shocked the street with hi
IT majors not unduly concerned about demand or visa norms

23rd June, 2011 22:08

The IT sector has hit back at brokerage firm CLSA's downgrade of the sector, refuting a fall in deal pipeline and impact of global visa tightening. CNBC-TV18 Kriti
ICICI Bank agrees to refinance AI's loans worth Rs 5500cr

23rd June, 2011 21:56

Air India is refinancing loans worth Rs 5,500 crore that the company had taken to buy 21 airbus aircraft. ICICI Bank will invest in guaranteed non convertible debe
Steady day; heavyweights take Nifty above 5300: Udayan

23rd June, 2011 21:38

It was a steady day for the market, says Udayan Mukherjee, Managing Editor, CNBC-TV18. Reliance Industries, Reliance Communications, Reliance Capital, ITC, HUL, ON
Customs duty on crude should be removed: RS Sharma

23rd June, 2011 21:01

In an interview with CNBC-TV18, RS Sharma, Former Chairman, ONGC said it is high time that customs duty on the crude prices should be removed altogether. �We do ho
Diesel, LPG may get costlier from Saturday

23rd June, 2011 20:56

Diesel and LPG may just get costlier from Saturday. Finance Minister Pranab Mukherjee has hurriedly called an EGoM, just before leaving for Washington to decide on
CMIE expects real GDP growth to accelerate to 8.7% in FY 12

23rd June, 2011 20:25

The Centre for Monitoring Indian Economy (CMIE) expects real GDP growth to accelerate to 8.7% in FY12.
Aamir's item song in Delhi Belly tribute to 80's disco era

23rd June, 2011 20:23

Actor-filmmaker Aamir Khan, who will be seen dancing in an item number in his soon to be released movie 'Delhi Belly', today said his performance is a tribute to t
Countries to release 60m barrels of oil: IEA

23rd June, 2011 20:19

Twenty-eight countries have agreed to release 60 million barrels of crude oil to the market to offset disruptions prompted by Libya's war, the International Energy
Sahara slammed: Repay bond holders, says SEBI

23rd June, 2011 20:04

Woes of Sahara-owned companies appear to be multiplying. The Securities and Exchange Board of India (SEBI) has asked Sahara companies to refund money raised via op
Wall Street drops at open on economic concerns, oil

23rd June, 2011 19:44

US stocks dropped more than 1% at the open on Thursday after the latest data on the labor market further confirmed investor fears of a slowdown in the economy.
Sensex stares at second yearly fall in a decade: Poll

23rd June, 2011 19:29

The BSE Sensex is headed for its second annual decline in a decade as persistently high inflation, rising interest rates and slowing growth keep investors at bay,
India Inc raises USD 2bn in April through ECBs, FCCBs

23rd June, 2011 19:28

India Inc raised over USD 2.06 billion from overseas markets in April through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs),

CBI to seek clarification from UB Group, India Cements

23rd June, 2011 22:39

The CBI in its second chargesheet in the 2G spectrum allocation has said over Rs 200 crores of illegal gratification was paid by M/S Dynamix Realty to Kalaignar TV
2G scam: CBI may get documents from Mauritius by next week

23rd June, 2011 22:27

The CBI is likely to receive by next week the documents it sought from Mauritius through Letter Rogatory in connection with the companies allegedly involved in the
Regulating MF distributors is SEBI's top priority

23rd June, 2011 22:22

A diminishing distributor base for mutual funds has worried the market regulator. While SEBI will work on more a more stringent regulatory landscape for the mutual
Air India may crash on govt's empty promises

23rd June, 2011 22:08

National carrier Air India's turnaround plan is yet to get off the ground. While the much-awaited Group of Minister's meet on aviation once more failed to take any
CCI penalises NSE for abusing dominant market position

23rd June, 2011 21:53

In the long-running tussle between the National Stock Exchange (NSE) and its younger rival MCX-SX, the Competition Commission is believed to have penalised NSE for
'Aid from govt is temporary solution for Air India'

23rd June, 2011 21:30

Jitendra Bhargava, Former Exec Director, Air India in an interview with CNBC-TV18 said, "The entire reliance has been on financial restructuring and getting aid fr
Yash Birla Group to set up silicon wafers unit

23rd June, 2011 21:00

Birla Surya Ltd, a part of Yash Birla Group (YBG), today announced that the company will invest USD 1.2 billion (about Rs 5,400 crore) over the next five years to
Bharti makes final payment of USD 700m to Zain

23rd June, 2011 20:27

Private telecom operator Bharti Airtel today paid the last tranche of USD 700 million dollar to Kuwait-based Zain for buying its Africa assets, completing the full
GoM may decide fate of six coal blocks next month

23rd June, 2011 20:23

A high powered ministerial panel is likely to meet early next month to decide the fate of six coal projects which have been stalled due to pending environmental ap
GoAir signs deal worth USD 6.6bn to buy 72 A320neos

23rd June, 2011 20:23

After the mega order of 180 aircraft by IndiGo, its no-frill competitor GoAir today confirmed its deal worth USD 6.6 billion to buy 72 next generation Airbus A-320
Oil tumbles on oil stock release, economic gloom

23rd June, 2011 20:17

Oil fell sharply on Thursday with North Sea Brent down more than USD 8 per barrel after the United States and International Energy Agency and they would release 60
Need global action to tackle price rise in commodities: RBI

23rd June, 2011 19:54

Attributing rising commodity and crude oil prices to excess liquidity in the global market, Reserve Bank Governor D Subbarao today underlined the need for coordina
Oil tumbles as US, IEA release oil stocks

23rd June, 2011 19:44

Oil fell sharply on Thursday, with North Sea Brent down more than USD 6 per barrel, after the International Energy Agency said 60 million barrels of oil would be r
Economy fears take shine off global stock outlook: Poll

23rd June, 2011 19:29

Clear signs the global economy is cooling prompted analysts to trim their outlook for most of the world's major stock markets compared with three months ago, accor
India enterprise business to expand: Google

23rd June, 2011 19:28

The Indian enterprise market is expected to grow by 20% in FY12 and Google wants to join the party.

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